Nordic American Tankers Confirms Sale of Two Vessels
Nordic American Tankers Limited has confirmed the sale of two vessels, adjusting the fleet from 33 to 31 suezmaxes in the short term. The shipping company focusedā¦
IMO Fights Against Marine Litter
The damaging build-up of plastic litter in the oceans is increasingly recognised as a major threat to the global environment. Harrowing images of marine wildlife being trapped by plastic litterā¦
BAE Systems, Flinders University to Train Shipbuilding Workforce
A new agreement between BAE Systems Australia and Flinders University will see students and industry working together to develop new ways to provide Australiaāsā¦
EU Brexit Working Party Visits Antwerp Port
The EU working party responsible for advising the EU Brexit negotiators paid a visit to the port of Antwerp on Monday 28 May. The working party is made up of representatives of the 27 EU countriesā¦
Floating Pier Provides Flexibility for Donsö Harbor Project
SF Marina has built pontoons and floating breakwaters internationally for a range of bespoke marinas designed to suit local conditions worldwide, from a fishing station in the north of Iceland to the sunny but continually storm-hit Caribbean. The company has leveraged this experience for the Donsö Harbor Association in a project called Donsö Djuphamn ā the Donsö deep water harbor project.āThis project will benefit the fishing and commercial fleetsā¦
New Launch and Recovery System for USVs
The market for unmanned surface vehicles (USV) has exploded in recent years, leading to an increased availability and variation of systems for a wide range of operations.Having observed a lack of suitable launch and recovery options for these vehicles, U.S. based RC Dock has created a universal low-cost launch and recovery system (LARS) built especially for USVs.Many operators find that launching and recovering USVsā¦
Tanker Market Grappling with More Uncertainty
Tanker shipping: Added uncertainty is not helpful to the struggling tankersDemandJust when you thought it could not get any worse for the tanker shipping industry, the U.S. is reimposing sanctions on Iran coming into force after a six months wind-down period ending on November 4, 2018. The immediate effects are less tangible but sure to add more uncertainty to the whole shipping industry that has plenty of uncertainty to deal with already.At the same timeā¦
Sri Lanka Signs Deal for $50 Mln Offshore Seismic Study
Sri Lanka on Wednesday signed an agreement with a subsidiary of U.S.
Apply Now for the MN100
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.This year's MN100 edition application portal is live and open. Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/.
Inchcape to Pay $20 Mln for Allegedly Overbilling US Navy
U.K. based marine services contractor Inchcape Shipping Services Holdings Limited and several of its subsidiaries have agreed to pay $20 million to resolve allegations that they violated the False Claims Act by knowingly overbilling the U.S. Navy under contracts for ship husbanding services, the U.S. Department of Justice announced.Inchcape provided goods and services, including food and other subsistence itemsā¦
Kouroumplis: Greece Continues to Pace the Global Shipping Sector
As the maritime market steers toward Athens, Greece and Posidonia 2018, Maritime Reporter & Engineering News interviews Panagiotis Kouroumplis, the Greek Minister of Maritime Affairs and Insular Policy. As the Minister of Shipping for the country with the largest merchant fleet and a millennia-old maritime tradition, Kouroumplis carries his responsibilities with pride and humility.Born in Aetoloakarnania in 1951ā¦
France's Macron Calls for Global Trade Reform
French President Emmanuel Macron on Wednesday said it was time for the world's biggest economic powers to start talks on reshaping World Trade Organization rules to prevent current tensions spiraling into trade wars.Macron's comments before the Paris-based Organization for Economic Cooperation and Development (OECD) came as the European Union faced less than 48 hours to win an exemption from U.S. tariffsā¦
Interview: Mark Knoy, President and CEO, ACBL
American Commercial Barge Line (ACBL) named Mark K. Knoy as its president and chief executive officer in August 2011. Prior to joining ACBL, he was vice president of American Electric Powerās (AEP) Fuel, Emissions and Logistics Group and president of AEP River Operations, having joined AEP with its 2001 purchase of MEMCO Barge Line. From 1984 to 1994, he was owner/operator of The Mark Twain Towing Company and Delmar Marine, Inc., Pekin, Illinois.
Canadian Navy Upgrading Its Navigation Systems
The Royal Canadian Navy (RCN) has initiated a plan to upgrade navigation system hardware on a range of surface vessels and submarines.The supplier OSI Maritime Systems (OSI) said it has signed a deal with RCN to design, build, test, certify and deliver MIL-SPEC navigation system hardware upgrades to replace legacy systems that were originally provided by the company, some dating back to 2001. OSI willā¦
BSM Demonstrates Commitment to Greek Shipping
Bernhard Schulte Shipmanagement (BSM) demonstrated its commitment to the Greek shipping industry on May 24th, 2018, during a hospitality event titled āThe future of shipmanagementā in Athens, co-organized with MariApps Marine Solutions.More than 120 figures from the maritime sector, including representatives from ship owners, customers, business partners, government, industry associations and members of BSMās key managementā¦
New Onboard Hull Cleaning Solution Launched
HullWiper Ltdās eco-friendly hull cleaning technology is now available as a flexible onboard solution that allows all types of vessels to clean hull fouling on demand.The onboard version of the diver- and brush-free remotely operated vehicle (ROV) gives vessels on a tight schedule the means to perform a partial or full hull clean on a planned rotation, as and when needed. Cruise ships and super yachtsā¦
Macroeconomic Trends Signal Good News for Shipping
The current global economic growth (GDP) looks like it may be as good as it gets, with indicators across the globe signaling healthy expansion, but at a slower pace compared to the levels seen in the last half of 2017.Global economic growth seems on track to reach its highest level since 2011, as the International Monetary Fund (IMF) maintain its projection for the world GDP at 3.9 percent and expects the global economic growth to be supported by a strong momentumā¦
PDi Celebrates a Decade in Decommissioning
This year, Project Development International (PDi) Ltd., part of the Tattva Group, celebrates a decade of activity within the decommissioning sector. As a provider of multi-disciplined engineering, project management and project services to the international energy industry, PDi has worked with multiple clients since 2008, successfully completing more than twenty decommissioning workscopes.Recentlyā¦
SOCAR Inks Deals for Caspian Fields with Equinor
Azeri state oil company SOCAR and Norway's Equinor on Wednesday signed a risk service contract for the development of the Karabakh offshore oil and natural gas fieldā¦
ABB to Equip High-spec Vessel for Largest Offshore Wind Farm
ABB technology allowing integration of batteries receives major vote of confidence as Louis Dreyfus Armateurs orders second wind farm service vessel featuring a wide scope of ABBās solutions.Maritime transportation group Louis Dreyfus Armateurs (LDA) will add a second 83 meter windfarm service operation vessel (SOV) to its fleet, featuring an extensive range of ABBās technology, with the award-winning power distribution system Onboard DC Grid at its core.
